All the headlines from our Life Insurance Topic Page, ordered by recency.
Nov 5 2001 // Major reinsurer Swiss Re released findings from its latest sigma study, “Profitability of the Non-Life Insurance Industry: It’s Back to Basics Time,” which showed that the slumping non-life insurance...
Oct 31 2001 // The latest in Swiss Re’s authoritative sigma studies examines the profitability of the non-life insurance market in the G7* countries and concludes that the industry needs to concentrate on improving underwriting...
Aug 3 2001 // Farmers Insurance Group of Companies announced a special discount program for new parents in the state of Utah. New parents will be eligible to earn discounts on auto insurance. Farmers has also arranged for new parents to...
Jul 30 2001 // American International Group Inc. (AIG) reported that its income excluding net realized capital gains (losses) increased 15.8 percent to $1.66 billion in the second quarter and, also excluding the first quarter cumulative...
Jun 25 2001 // The California Department of Insurance (CDI) announced the sentencing of Lonnie Lee Harwell, a Sacramento man, for his alleged involvement in a nationwide scheme intended to defraud investors and the insurance industry....
Apr 28 2001 // The Criminal Investigations Branch Investigators of the California Department of Insurance (CDI) announced a successful conclusion to a complicated investigation. Two individuals involved in a life insurance scam pleaded...
Apr 27 2001 // Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an...
Apr 23 2001 // The Tokyo District Court, Japanese regulatory authorities and major creditors have all given final approval to American International Group’s takeover of failed insurer Chiyoda Mutual Life Insurance Co.Chiyoda filed...
Apr 9 2001 // Traditional p/c agencies may consider a life department for increasing profits, retentionInsured households carry more coverage than ever before, but at the same time, the insurance industry is reaching fewer U.S....
Mar 26 2001 // Last January, Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston, Texas, with the announcement that Britain’s...
Mar 21 2001 // Britain’s CGNU revealed plans to expand in Eastern Europe and India with the announcement that it would purchase Mebit, Hungary’s sixth largest life insurer, and would launch a mutual fund subsidiary in India...
Mar 19 2001 // Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable...
Mar 12 2001 // In the biggest insurance industry merger ever, Prudential Plc, Britain’s largest life insurer, has agreed on merger plans with Houston-based American General Corp. The combination would create the world’s sixth...
Mar 7 2001 // Britannic is to cut more than 40 percent of its workforce, with 2,000 positions coming from the Britannic Assurance arm. The company blamed the cuts on a growth in red tape and the end of the UK’s jobs-for-life...
Feb 23 2001 // AIG plans to inject $513.5 million in capital into failed Chiyoda Mutual Life Insurance Co, sponsoring a revival plan for Japan’s 12th largest life insurer.“As a result, AIG will significantly expand its...
Feb 12 2001 // Following a six-month investigation, former insurance agent Charles Stanley Tigner was arrested on a Tulare County Superior Court warrant. Among the 127 criminal violations charged in the warrant are insurance fraud, grand...
Jan 24 2001 // Japan’s Softbank Corp. is reported to be seeking to enter the life insurance market through its Softbank Finance Co. unit, which is seeking to acquire the policies and remaining assets of failed insurer Taisho Life...
Jan 23 2001 // The U.K. ‘s Prudential announced plans to purchase Japan’s Orico Life, a subsidiary of Orient Corp., for 23 billion yen (around $200 million). The move will further strengthen the company’s Asian...
Jan 23 2001 // London’s Financial Times reports that Swiss Re plans to start a joint venture with a technology company to offer life insurance products in the U.S. via the Internet within the next few months. The world’s...
Jan 4 2001 // Following a six-month investigation, former insurance agent Charles Stanley Tigner was arrested on a Tulare County Superior Court warrant. Among the 127 criminal violations charged in the warrant are insurance fraud, grand...